RTTNews | Aug 24, 2021 11:31AM EDT

11:30 Tuesday, August 24, 2021 (RTTNews.com) - Puerto Rico-based healthcare company, Triple-S Management Corporation (GTS), is 44% higher on the Tuesday market after the company announced the news of it being acquired by GuideWell Mutual Holding Corporation. GuideWell is going to acquire the shares for $36 per share with a total sum of $900 million, with the deal to close by the first half of 2022. Triple-S will become a subsidiary to GuideWell, but retain its identity after the merger and its management will also continue to operate the company. The shares are currently trading at $34.99, up $10.80 or 44.67% from their previous close at $24.19 on Monday. The shares opened at $35.37 in the morning and in the 52-week period, the shares have ranged between $17.32 and $35.47.

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